Financial Times, 2/19, page 1: "Obama made an aggressive pitch to Ohio's blue-collar workers yesterday with a 'patriot employer' plan that would lower taxes for companies that did not ship jobs overseas..."
I 100% withdraw all support that I ever gave him. This is the worst piece of jingoistic rhetoric that I have ever heard of. I dare say, as protectionist as Ron Paul and republicans.
Why don't politicians understand economics? Why would you harm a company for attempting to decrease their expenses? Why would you harm SHAREHOLDERS who are already getting taxed beyond belief? Why would you harm all the blue-collar workers who hold PENSION PLANS and 401ks???
China and India are already far surpassing the US in many industries. Does he think this will change that trend? Does he think this plan will help GM regain market share from Toyota? Does he think anyone will be able to compete with Samsung, IKEA, and Sony?
How did he go to Columbia and Harvard and not learn this?
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